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Mortgage

MBA announces special partnerships with Fannie Mae, other groups

Agreements will provide new benefits for MBA members

During his remarks at Monday’s first general session at the Mortgage Bankers Association’s National Secondary Market Conference, David Stevens, the president and chief executive officer of the MBA, announced three new partnerships that he said are designed to provide new benefits for the members of the MBA.

Stevens announced that the MBA is partnering with Fannie Mae, Capital Markets Cooperative, and The Mortgage Collaborative to help MBA members succeed.

“MBA is proud to be partnering with key industry organizations to bring our members first class benefits and services,” Stevens said in a separate statement. “MBA members will benefit from the array of cost savings, products and services offered by our new partners.

Under the terms of the agreements, Fannie Mae will be offering a series of benefits to MBA members, including discounts on Desktop Underwriter fees and a variety of other services they provide. Additionally, this partnership will include various enhanced education, training and industry engagement offerings, the MBA said.

“Fannie Mae is happy to support MBA’s efforts to provide broad education and outreach to the industry,” said Zach Oppenheimer, head of customer engagement at Fannie Mae.

“We support fair and equitable access for lenders selling into the secondary market, and this strategic partnership with the MBA will create a closer working relationship between the two organizations, bringing more value to the housing finance system,” Oppenheimer added.

Stevens also announced that As a result of MBA’s new agreement with Capital Markets Cooperative and The Mortgage Collaborative, MBA members will now be eligible to join both organizations at a reduced rate.

“The Mortgage Collaborative understands the challenges of this industry and we believe this arrangement with MBA and its members can alleviate some of the business obstacles all involved face,” said John Robbins, chairman of The Mortgage Collaborative. “As a former chairman of MBA, my partners and I look forward to continuing our relationship through this strategic partnership.”

Tom Millon, the president and CEO of Capital Markets Cooperative, said that MBA members will find “tremendous value” as members of the CMC as well.

“CMC’s Patron lenders will find terrific value as members of the MBA,” Millon said. “The benefits of MBA membership are great additions to the CMC product menu. We look forward to the relationships and opportunities that will develop as a result.”

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